RADNOR, Pa.--(BUSINESS WIRE)--Lincoln Financial Group (NYSE: LNC) joins the retirement savings industry in celebrating National Save for Retirement Week, a national event endorsed by Congress dedicated to promoting retirement savings among Americans and encouraging employees to participate in their employer-sponsored retirement plans.
“We are grateful to have the opportunity to use this national event to help motivate savers in a positive way to participate in their retirement plans at work,” said Chuck Cornelio, President, Retirement Plan Services, Lincoln Financial Group. “Whether savers are just starting out in their career, changing jobs or approaching retirement, there are actions that can help boost their retirement readiness at these career checkpoints on the road to retirement.”
According to a recent M.O.O.D. of America study conducted by Lincoln Financial Group, most Americans are taking a careful and deliberate approach when it comes to their retirement plans. Among those who feel prepared, 77 percent believe they have saved enough to cover retirement expenses and 64 percent expect to be debt free during retirement.
Throughout National Save for Retirement Week, Lincoln will share compelling insights from the M.O.O.D. of America study. For five days during National Save for Retirement Week, beginning Monday, October 20, Lincoln will highlight a different career stage and provide key actions that savers can take to help them on their road to retirement readiness.
The five career stages include:
- First Job
- Changing or In Between Jobs
- Career Advancement
- Near Retirement
As part of National Save for Retirement Week, Lincoln also introduces the “Your Future: Worth Saving For” retirement education and communication program available for its plan sponsors to use with participants. The program includes a comprehensive suite of materials and a dedicated website with interactive features and resources including a video, calculators and more to promote better savings habits among plan participants. The “Your Future: Worth Saving For” program is available at WorthSavingFor.com.
For real-time updates and savings tips, please visit us on Facebook at www.facebook.com/lincolnfinancialgroup, follow us on Twitter @lincolnfingroup and LinkedIn at https://www.linkedin.com/company/lincoln-financial-group.
About the M.O.O.D of America Survey
Results for the current M.O.O.D. of America Survey are based on online research conducted by Whitman Insight Strategies (WINS), on behalf of Lincoln Financial Group. The research was conducted in late March 2014, among 2,352 adults 18 years of age and older across the United States. The margin of error is +/- 1.9% at the 95% confidence interval for the entire sample. The sample was weighted by gender, age, region, race and ethnicity. Demographic weighting targets are based on the 2010 U.S. Census figures for adults 18 years of age and older.
About Lincoln Financial Group’s Retirement Plan Services
For more than 60 years, Lincoln Financial’s Retirement Plan Services (RPS) business has been helping savers boost their retirement readiness through employer-sponsored plans. Our distribution force of more than 400 professionals, including institutional and wholesale distribution channels and advisor-based sales teams, work to provide plan sponsors with retirement plans that not only meet the unique needs of their plan participants but also align with sponsors’ total rewards strategies and help recruit and retain top talent. RPS Retirement Consultants, available onsite, online and by phone, develop long-term one-on-one relationships with savers to help motivate them to take actions that lead to better retirement outcomes. RPS offers personalized services, solutions and education to help plan participants get to and through retirement. The business serves approximately 1.4 million participants through 22,000 plan sponsors with $54 billion in assets under management as of June 30, 2014.
About Lincoln Financial Group
Lincoln Financial Group provides advice and solutions that help empower Americans to take charge of their financial lives with confidence and optimism. Today, more than 17 million customers trust our retirement, insurance and wealth protection expertise to help address their lifestyle, savings and income goals, as well as to guard against long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. The company had $216 billion in assets under management as of June 30, 2014. Learn more at: www.LincolnFinancial.com.